The Yadid Group Acquires Multifamily Property In Bedford-Stuyvesant, Brooklyn For $1.6M

The property involved in the transaction is a multifamily asset located at 587 Macon St., Bedford-Stuyvesant, Brooklyn. The sale price for this property was $1,600,000, and it consists of 2 units, with a price per unit (PPU) of $800,000. The total square footage of the building is 3,000, resulting in a price per square foot (PPSF) of $533. The property was delivered vacant at the time of sale.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,600,000
• Buyer: The Yadid Group - Eli Yadid
• Seller: Estate of Glennie Singletary-Claud
• Units: 2
• PPU: $800,000
• SF: 3,000
• PPSF: $533
• Date of Sale: 09/13/2022

Eli Yadid from The Yadid Group represented the buyer in this transaction. It was noted that the closing occurred within 2 weeks and was an all-cash transaction. The buyer is actively seeking additional projects and can be contacted via the provided email address.